Stake Technologies Announces $10 Million Funding Round Led by Distributed Capital

According to PolkaWorld, Stake Technologies, the core company behind Plasm Network and Shiden Network, has announced a $10 million funding round led by Distributed Capital, with Hypersphere Ventures, Gumi Cryptos, IOSG Ventures, TRG Capital, AU21 Capital, Digital Strategies, SNZ, Digital Strategies, Sub0 Capital, Altnomy, East Ventures and others. With Kusama’s lease auction coming up, the funds raised in this round will be used to support and secure Plasm Network’s winning parallel chain slot at Polkadot.

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